Meta misses earnings forecasts after Zuckerberg media push to promote AI Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI
FTSE 100 hits record high despite AI sell-off Strong corporate results buoy market as investors move money away from tech and semiconductor stocks
Rogue OpenAI agent that hacked startup tried to attack other firms ChatGPT developer says activity by autonomous tool was not at severity or scale of what occurred at Hugging Face
Datacentre projects face fees for grid access to ease connection queue, Ofgem says Energy regulator’s plan would mean upfront fees or financial security via letters of credit, bonds or cash deposits
Apple becomes second $5tn company as investors flee AI stocks Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off
South Korean stock market at three-month low as AI sell-off intensifies Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competition
Boss of startup hacked by rogue OpenAI agent urges ‘radical transparency’ in investigation Artificial intelligence firm should provide $100m for cyber defences, says Hugging Face CEO
Gary Stevenson to quit YouTube channel, citing health concerns Former City trader’s weekly Gary’s Economics videos took off during the Covid pandemic
Corporate America may be using AI to cut jobs, but small businesses are using it to keep them Reports of wide-scale replacement of workers by AI are overblown. Small businesses use it to help workers
The AI jobs apocalypse probably isn’t coming anytime soon Artificial intelligence may not deliver on its promise of vast economic opportunity at a price that humanity is willing to pay
Tesla stock suffers double-digit drop on carmaker’s worst day in years Elon Musk’s EV company lost a quarter of its value this year amid weak profits and high spending on AI and robotics
Customers prefer AI chatbots, says British Gas owner as 1,300 call centre and back office jobs axed CEO Chris O’Shea defends Centrica’s plans as it reports rise in retail profits following focus on bigger margins
Carmakers lobbied UK to revoke ban on petrol and diesel cars after 2035 BMW, Ford, Nissan and Toyota, plus parts maker Bosch, wrote joint letter to ministers in April
Tesla’s profits slide despite growing revenue as it pivots to robotics and AI Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectations
Google reports 12th consecutive quarter of strong revenue gains Better-than-expected results of $120bn came despite delays in release of powerful AI model Gemini Pro